Oil exploration cos in huge demand; shares rally up to 20%

Last Updated: Wednesday, September 2, 2015, 20:37

Shares of oil exploration companies were in huge demand Wednesday, surging up to 20 percent, as the government decided to auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms.

India's oil exploration off Vietnam 'illegal': Chinese daily

Last Updated: Tuesday, September 1, 2015, 23:27

Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily Tuesday said it is an "unwise move" that may "sabotage" positive momentum in ties.

OVL shortlisted for Mexican oil bid round

Last Updated: Sunday, August 23, 2015, 12:27

According to Mexico's National Hydrocarbons Commission, 14 bidders have been pre-qualified for the second phase of the Round One tender, the country's first licensing round in 88 years.

OIL appoints Roy as Director for HR and Business Development

Last Updated: Friday, May 8, 2015, 18:03

Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.

DGH disagrees with Kelkar report on oil exploration contracts

Last Updated: Monday, January 13, 2014, 14:07

Kelkar, who was Oil Secretary from 1995 to 1997, submitted the first part of his report last week.

Syria signs oil exploration deal with Russian firm

Last Updated: Wednesday, December 25, 2013, 20:14

Syria`s state news agency says the oil ministry has signed a deal with Russian oil and gas company Soyuzneftegaz to explore in the Mediterranean Sea. SANA`s report today did not say where the deal was signed, though it said the exploration will take place off the Syrian coast.

Petrovietnam, ONGC Videsh sign oil exploration pact

Last Updated: Thursday, November 21, 2013, 09:02

The exploration pact between Petrovietnam and ONGC Videsh Ltd would allow activities in Vietnam, India as well as in a third country.

CCEA approves shale gas and oil exploration programme

Last Updated: Tuesday, September 24, 2013, 20:43

The Cabinet Committee on Economic Affairs (CCEA) Tuesday approved the long-awaited shale gas and oil exploration programme to boost domestic output.

Spain, Morocco to explore oil near Canary Islands

Last Updated: Monday, September 23, 2013, 12:14

The Cajun Express rig leased by Cairn Energy will begin operations in early October some 555 km northeast of the Canary Islands.

China invests in gas and oil exploration

Last Updated: Sunday, September 15, 2013, 17:58

Official figures show money spent on exploration of oil and gas fields rose from 19 billion yuan in 2002 to 67.3 billion yuan in 2011, reports Xinhua.

B N Talukdar to be new DGH

Last Updated: Tuesday, August 13, 2013, 14:00

B N Talukdar, Director for Exploration in Oil India Ltd, will be the new Director General of Hydrocarbons (DGH).

Cairn India to invest $3 bn over 3 years to produce more oil

Last Updated: Wednesday, July 24, 2013, 12:01

Cairn India, a unit of London-listed Vedanta Resources Plc, will invest more than USD 3 billion over the next three years to explore and produce more oil, its chairman said on Wednesday.